Re: [ANN] MON | Monocle | Merge Mined on VTC Vertcoin - No Premine - Scrypt-N
People are still buying MON on Poloniex :-)
Why they are doing it?
Why they are doing it?
The answer is in the MON specifications
Specifications:
Premine: Zero
Algorithm: Scrypt-N, merge-mineable on the VTC chain
Block time: 2 minutes
Retarget: Every 12 blocks using BRNDF. Starting difficulty 2.0
Block reward: 25 MON per block, then decreasing by approximately 3% every 10080 blocks (2 weeks). First 1000 blocks ramp up gradually from 1 MON to full block reward. After block 1,468,415 (approximately 5 years and 7 months) only fees will be mined.
Total circulation: 8.4 million MON
TX fees: No free transactions, 0.01 MON base TX fee
Ports: Mainnet RPC port 6888, mainnet P2P blockchain sync port 6889. Testnet RPC 16888 and p2p 16889.
IRC: Freenode #vertcoin
Distribution over 5.6 years (after which time only fees are mined):
Initial distribution:
Premine: Zero
Algorithm: Scrypt-N, merge-mineable on the VTC chain
Block time: 2 minutes
Retarget: Every 12 blocks using BRNDF. Starting difficulty 2.0
Block reward: 25 MON per block, then decreasing by approximately 3% every 10080 blocks (2 weeks). First 1000 blocks ramp up gradually from 1 MON to full block reward. After block 1,468,415 (approximately 5 years and 7 months) only fees will be mined.
Total circulation: 8.4 million MON
TX fees: No free transactions, 0.01 MON base TX fee
Ports: Mainnet RPC port 6888, mainnet P2P blockchain sync port 6889. Testnet RPC 16888 and p2p 16889.
IRC: Freenode #vertcoin
Distribution over 5.6 years (after which time only fees are mined):
Initial distribution:
